What is the average cost of a home in your area?

[catnapper]

Boy housing varies wildly around here. In a three miles radius, you'll find a row home for $40,000 (or less) then you'll find a single home on 1/4 acre selling for half a mil... then you'll have another single home sitting on half an acre for over a million. There's lots in between. My house is rather large and if we could pick it up and move it three blocks over, we'd get more than twice the value its worth now. We are "on the wrong side of the tracks" but in this case, wrong side of Park Road.

The school district is wild because of the vast differences in the price of homes. There are two towns: one rich, one working class. If you happen to live in the working class town, like I do, your kids are basically discriminated against by kids, parents, teachers, coaches. It stinks, and its the truth. There's actually a rather famous play written by a local person talking about the snobby part of town vs. the not-well-to-do.

[gini]

I know exactly what you are talking about catnapper.

People ask me if I live on the "west" side of Wilton Place or the "east" side of Wilton Place.

When I say "east" I get a "SNIFF"

However, Wilton Place is where the $1,198,000 home is for sale.
Go figure!

I am also in a different school district which matters when you go to sell.

[krazyaboutkatz]

Yes, most of California is very expensive. I live in a 2 bedroom condo and I co-own it with my parents. I have to rent out the 2nd bedroom to help pay for the monthly mortgage payment. I currently rent it out for $575 per month but when the economy was better I was renting it out for $650 per month.

I don't know how young couples can afford to buy houses either. My brother just recently moved to San Diego and paid around $800,000 for the house. Yes, it's a very large house and is on a fairly large lot but I sure don't know how he can afford it. His wife doesn't work and they also have 3 kids. They used to live in San Clemente and I think their house sold for around $650,000.

My parents live in Saratoga and most of the house's in that area are in the millions.

[Cincy'sMom]

I have sticker shock from the cost of homes inthis thread!!!!!

In the Toledo area I am sure you could find everything from inner city, "dumps" for $40,000 or $50,000 to multi million dollar homes in gated communities. Our neighborhood is more middle of the road, and I would guess most homes here go for $90,000- $200,000.

I think most aprtments in the area are very resonable. When I was living in one 4 years ago, I was paying $370/month for a large 1 bedroom, in Sylvania (one of the "desired" suburbs of the area). In the city of Toledo, the same apartment was about $275/month. Of course, this was 4 years ago, but I know a woman I work with is currently paying about $530/month for her aprtment, and that is for one that has fireplace and washer dryer hookup inthe apartment, allows pets, and has a health spa.tanning beds, etc., included in the rent.

[Miss Meow]

Originally posted by IttyBittyKitty
$400,000? That's nothing in Sydney these days ... it would buy you a shack out in the back of beyonds!

...

That was just the amount they borrowed It horrified me, and that's not even a large mortgage by modern standards!

Laurie, yes, Aussie dollars, which is about 80% of US currency. It's amazing how much your property is worth when it comes to the tax man

[Kater]

Luckily we just had an article in our local paper about home prices or I would have no clue. The title of the article is "O'ahu home prices up 25%" and they aren't joking!

• typical single-family house on O'ahu = $439,000
• median condo price = $190,000

I don't know about rental prices - the article only mentioned these two.

[CathyBogart]

*grumbles* Well, a studio here starts around $800/mo....if you're lucky. One bedrooms closer to $1100, and I haven't even looked at anything bigger, it's scary.

We recently sold our dinky four bedroom house for $240,000, and our new house is quite near million dollar or more homes. I don't know how much we paid for this house and I don't want to. Hehehe

[BitsyNaceyDog]

4 years ago (when I was just a mere 18) my husband and I bought our 3bedroom, 2 bath 1997 moble home with a small but nice lot for $75,000. I know prices have gone up, an older couple I know just sold their 1980 single wide 2 bed 1.5 bath and no lot (just a small side lawn) for $73,000.

A girl I work with is renting a small 1 bedroom apartment that doesn't look like it's been up dated since 1970. She just got it and is in the process of moving in. She is paying $460 a month, which includes water and electric.

My husband and I have been talking about moving to Maryland where he has family and he can work in D.C., but after reading lbaker's post maybe we should think twice.

[lbaker]

Don't let my post scare you off kblaix, that's just in my older "rich folks" neighborhood that's in Mountgomery County. Medium income always in the top three in the nation (I wish MY income was half the so called average) There are other very nice neighborhoods where it's not nearly as expensive to buy or rent. I just got a great deal when I bought this place 30 yrs ago